Optimizing Pumping Systems
For clients, the total cost of ownership is the primary focus when making an acquisition decision. This runs true no matter what the industry or application is involved, but whenever a decision is made the costs which should be included are not only the initial deployment or acquisition costs, but also the life cycle costs which provide a more accurate costing. Lifecycle costs include energy consumption costs, the opportunity cost associated with downtime, the cost of maintenance and spare parts. Collating all these costs provides a Total Cost of Ownership or TCO.
The challenge is to source and implement an industrial pumps solution which minimize the TCO but achieve all the project deliverables. Knowing what pumping principles are involved in a specific project (and therefore what type of pump is most appropriate) is essential, as is making a proper assessment of the dimensions involved.
Overall, the TO will be determined by numerous factors, some of which are under the control of the plant operator and some which are not. Minimizing TCO involves:
- Pump optimization in respect of the liquid, especially taking into account viscosity;
- Optimization of pump system components;
- Understanding and addressing the deliverables of the pumping system;
- Optimization of the pump drive;
- Ensuring installation is optimal with minimal installation and downtime for other plant operating processes; and
- Ensuring dimensions are fully understood and are optimized.
All of these factors must be considered if TCO is to be minimized. However, it is not enough to understand each factor in isolation as they all interact to one degree or another – this means a holistic approach to the pumping process must be adopted, in order to gain the most accurate understanding of the project and the underlying cost issues. Pumping components and solutions must be designed and implemented to work in relation to the surrounding infrastructure and also to handle the liquid or gas which is the subject of the pumping system.